easyJet (EZJ) PT Set at GBX 1,660 by UBS Group

UBS Group set a GBX 1,660 ($23.31) target price on easyJet (LON:EZJ) in a research note released on Thursday, January 11th, www.boersen-zeitung.de reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts have also issued reports on the company. Liberum Capital restated a sell rating and issued a GBX 1,100 ($15.45) price target on shares of easyJet in a research report on Monday, November 6th. JPMorgan Chase & Co. reiterated an underweight rating and issued a GBX 1,380 ($19.38) price objective on shares of easyJet in a report on Monday, October 9th. reiterated a buy rating and issued a GBX 1,500 ($21.06) price objective on shares of easyJet in a report on Thursday, October 19th. Redburn Partners restated a buy rating and set a GBX 1,900 ($26.68) price target on shares of easyJet in a research note on Monday, November 27th. Finally, Deutsche Bank restated a hold rating on shares of easyJet in a research note on Tuesday, October 3rd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the company. easyJet presently has an average rating of Hold and an average price target of GBX 1,533.42 ($21.53).

easyJet (LON:EZJ) traded down GBX 14.50 ($0.20) during trading hours on Thursday, reaching GBX 1,653 ($23.21). The company’s stock had a trading volume of 1,869,404 shares, compared to its average volume of 1,940,000. easyJet has a 52 week low of GBX 906.39 ($12.73) and a 52 week high of GBX 1,695.67 ($23.81). The stock has a market cap of $6,570.00 and a price-to-earnings ratio of 2,204.00.

The firm also recently announced a dividend, which will be paid on Friday, March 23rd. Stockholders of record on Thursday, March 1st will be paid a dividend of GBX 40.90 ($0.57) per share. The ex-dividend date is Thursday, March 1st. This represents a dividend yield of 3%.

In related news, insider Johan Lundgren purchased 20,000 shares of easyJet stock in a transaction dated Wednesday, December 6th. The stock was bought at an average cost of GBX 1,442 ($20.25) per share, for a total transaction of £288,400 ($404,999.30). Also, insider Andrew Findlay purchased 115 shares of easyJet stock in a transaction dated Thursday, November 30th. The shares were bought at an average price of GBX 1,407 ($19.76) per share, with a total value of £1,618.05 ($2,272.22). Insiders have bought 20,249 shares of company stock valued at $29,192,318 in the last quarter.

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About easyJet

easyJet plc is a United Kingdom-based low-cost airline carrier. The Company operates as a low-cost European point-to-point short-haul airline. The Company operates through its route network segment. The Company operates on over 820 routes across more than 30 countries with its fleet of over 250 Airbus aircrafts.

Analyst Recommendations for easyJet (LON:EZJ)

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